The global CAE market is
anticipated to reach USD 12.8 billion by 2025, according to a new report by
Grand View Research, Inc. Rapid growth of wearable industry is likely to
increase the use of CAE software in the electronics industry. The major players
in the market are in search for new sources for revenue as the smartphone
market is in the maturity stage. As a result, the demand for wearable
technology has increased the demand over the forecast period.
The growing penetration of IoT,
tablets, and smartphones are expected to boost the CAE market growth. Owing to
the growth of IOT, wearable devices, used in the fields of medicine, fitness,
transportation, education, entertainment, and gaming, are increasing; paving
way for growth of the CAE market. Miniaturization of electronic devices and
sensors and persuasive connectivity with lowered costs have immensely
contributed to the growth of wearable technology devices.
Governments regulations,
mandating applications, such as collision avoidance, parking assistance
systems, wireless communication technology, and interactive infotainment
systems, in the upcoming car technologies to increase driver safety, are
anticipated to raise the demand of CAE software. Additionally, technological
advancements in the automotive sector, including driverless cars and
semi-autonomous cars, are further anticipated to boost the industry demand.
The emerging new engineering
modes such as 3D printing, building information modeling, concurrent
engineering is likely to influence the CAE market. 3D printing is a form of
additive manufacturing that allows the users to print any object as a 3-D
image. The technology helps in reducing production costs and developing new
methods of production. Ease of use and unlimited customization capabilities are
the key factors driving the 3D printing market which is further expected to
positively impact the computer aided engineering market demand.
The prevailing open source
software are anticipated to restrain the market growth over the projected
period. They are available for free on the web; however, the vendors charge for
support, customization, and maintenance services. Linux has been leading the
open architecture software market. Open source software has been a boon for
small software vendors, due to which, the large enterprises have been facing
negative impacts. The major drivers of open source technology are the minor
flaws and bugs that can be tested and fixed immediately.
In depth research report on Computer Aided Engineering
(CAE) Market
Further key findings from the report suggest:
·
The intellectual property
protection of a software is crucial, as most of the modern manufacturing
organizations rely on computer technology
·
The computational fluid
dynamics segment is anticipated to witness high growth rate over the forecast
period
·
Testing and simulation are the
important aspects of a design cycle that help the end-users in achieving
profitability and faster time-to-market
·
The On-premise segment
dominated the market in terms of revenue in 2015 and is anticipated to remain
dominant over the projected period
·
Simulation software are used to
analyze the effect of casing materials on IC performance, thermal management,
and electrical signal performance
·
The increasing adoption of
lithium-ion batteries in consumer electronics application will also enhance the
industry demand over the projected period
·
Asia Pacific and Latin America
are poised to emerge as lucrative regional markets over the forecast period
·
The key players of the market
include Siemens AG (Germany), Exa Corporation (U.S.), MSC Software Corporation
(U.S.), ESI Group (France)
Grand View Research has
segmented the CAE market based on type, deployment model, end-use, and region:
CAE Type Outlook (Revenue, USD Million, 2014 - 2025)
·
Finite Element Analysis (FEA)
·
Computational Fluid Dynamics
(CFD)
·
Multibody dynamics
·
Optimization & simulation
CAE Deployment Model Outlook (Revenue, USD Million, 2014 -
2025)
·
On-premise
·
Cloud based
CAE End-Use Outlook (Revenue, USD Million, 2014 - 2025)
·
Automotive
·
Defense & aerospace
·
Electronics
·
Medical devices
·
Industrial equipment
·
Others
CAE Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
·
U.S.
·
Canada
·
Mexico
·
Europe
·
Germany
·
UK
·
France
·
Asia Pacific
·
China
·
India
·
Japan
·
South America
·
Brazil
·
The Middle East and Africa
(MEA)
Browse more research reports of this category:
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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